Buy Hold Sell: Can the small-cap rally last? (plus ASX 4 stocks to watch)

Buy Hold Sell, by Livewire Markets · Nov 9, 2025 · 12m

If you've been following the story of small caps for a while, you would know that as early as 2024, some investors were talking about a recovery in small caps given the performance gap relative to their larger peers.

For a good period of time, that promise went unfulfilled. But good things come to those who wait, and in 2025, small caps have staged a genuine comeback - so much so that they’re now outpacing their large-cap peers year to date.

The question now is: can it last? And just as importantly, what could derail the momentum?

Livewire's Chris Conway put those questions and more to James…